This book argues that orthodox theory is based on many unreal assumptions, and that there are sound economic arguments for selective protection of industrial activities in the early stages of economic development. The historical evidence of the now-developed countries also illustrates this fact

This book focuses on recent financial market reforms, and their implications for social, economic and political exclusion. In particular it considers the hitherto under-researched question of whose interests govern the design of regulatory mechanisms and who influences the decision-making...

1. The failure of good intentions : the collapse of American telecommunications after six years of Deregulation -- 2. Road networks : efficiency, externalities and consumer choice -- 3. The Enterprise Act : pluses and minuses for competition policy -- 4. Ofcom and light touch regulation -- 5....

This innovative book analyses the geographical patterns in foreign direct investment flows by combining elements from the theory of international production and the theory of economic geography. It develops a model for explaining why foreign direct investment is attracted to certain locations....

Enlargement of the EU increases economic diversity and inequality between countries and regions, making cohesion difficult. This book attempts to provide a deeper understanding of the interaction between investment, knowledge spillovers and entrepreneurship; a crucial factor in reducing the...

China is both the world's most populous country and an important transition economy. It is also a major market for trade and investment. As such, this study of the trends, patterns, issues and problems of trade and investment in recent years is both vital and fascinating. Areas of discussion and...

The globalisation of financial markets has attracted much academic and policymaking commentary in recent years, especially with the growing number of banking and financial crises and the current credit crisis that has threatened the stability of the global financial system. This major new...

This book provides rigorous analysis of the wide range of questions surrounding the role of international institutions in governing global business, especially multinational enterprises (MNEs). The analysis, both theoretical and empirical, focuses on the corporate governance of MNEs and to what...

1. General introduction -- 2. A critical review of the literature on credit rationing -- 3. The theory of credit rationing revisited -- 4. Financial liberalization -- 5. Intervention I : the South Korean experience -- 6. Intervention II : the Indian experience -- 7. Concluding remarks.